CareTech (LON:CTH) Stock Rating Reaffirmed by Berenberg Bank
Berenberg Bank restated their buy rating on shares of CareTech (LON:CTH) in a research note released on Friday, ThisIsMoney.Co.Uk reports. They currently have a GBX 550 ($6.77) price target on the stock, up from their prior price target of GBX 430 ($5.29).
Separately, Liberum Capital reissued a buy rating on shares of CareTech in a report on Thursday, June 18th.
CareTech stock opened at GBX 431 ($5.30) on Friday. CareTech has a fifty-two week low of GBX 285 ($3.51) and a fifty-two week high of GBX 502 ($6.18). The company has a debt-to-equity ratio of 116.21, a quick ratio of 0.83 and a current ratio of 0.84. The company has a market capitalization of $496.83 million and a P/E ratio of 20.05. The stock has a 50-day simple moving average of GBX 401.11 and a 200-day simple moving average of GBX 419.56.
CareTech Holdings PLC and its subsidiaries provide social care and support services for children, young people, and adults in the United Kingdom. The company operates through two segments, Adult Services and Children Services. The Adult services segment provides individual tailor made solutions for people living in their own homes, residential care, or independent supported living schemes.
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